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Madness at the NSE
Fyatu
#1841 Posted : Wednesday, October 23, 2019 12:41:05 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Ericsson wrote:
The temporary rally seems to have come to a halt



Wrong call my friend. The 3-year bull has just began. The fresh Uhuru Kenyatta millionaires are just about to get minted.
Dumb money becomes dumb only when it listens to smart money
Extraterrestrial
#1842 Posted : Wednesday, October 23, 2019 12:53:26 PM
Rank: Member


Joined: 11/17/2018
Posts: 173
Location: Mars
Ericsson wrote:
The temporary rally seems to have come to a halt


The sellers available are just too many.
Horton
#1843 Posted : Wednesday, October 23, 2019 2:01:28 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums?
littledove
#1844 Posted : Wednesday, October 23, 2019 2:46:46 PM
Rank: Member


Joined: 7/1/2014
Posts: 895
Location: sky
Horton wrote:
I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums?

kingdom securities too, the error is "tradeswitch not active"
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
muandiwambeu
#1845 Posted : Wednesday, October 23, 2019 4:14:33 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
Fyatu wrote:
wukan wrote:
Ericsson wrote:
Fyatu wrote:
Sufficiently Philanga....thropic wrote:
Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor.....




Woe unto those who are not inside the market.....watabaki tu kukula na macho.

Market conditions still weak to push a rally.Top gainer today is at 4%.


This bear will teach many a lesson. The problem is structural and interest rates on their own won't deal with the underlying structural issues. Fiscal stimulus has failed to stimulate the expected growth now they will try monetary stimulus. You need to look at point 3 of the president's memo.

Technically looking at the chart you can see the tail has to be longer than where it is now to complete the correction.



I am not a TA, however, i have noticed general lack of supply in most stocks over the recent past(6 months)and reduced turnover hinting that perhaps we have bottomed-out.

I am keen to know how low the NSE20 can go as you seem to suggest. Can it go sub 1500 points? If it goes sub 1500 what will be the price of KCB or Equity or Safaricom etc shares? . Is there a possibility of seeing KCB at sub 17 bob or Safaricom at sub 12 bob? Will Britam trade at 3bob?

I strongly doubt the index will go any lower than 2420.Also, you will notice that most companies posted improved numbers HY2019 and there were less profit warnings. Most tier 1 banks performed very well and are highly likely to post better results FY2019 that previously posted pre-rate cap.

The bear is good. I want it to last a little longer so that i can cement my positions.

I have also noted mombatha nairofi express way costing a whooping 300binions has been put on hold.
Now bitcoins are smashing 8000$dollar mark just like that.
Ratecap about to nyegethia watu wa mortage. Soon they will be singing maxine, murder she wrote here. Catch 2-2 situation.Sad
Maangaiko maangaiko ya kila siku yalimfanya binandam kumzahau mungu wao.
,Behold, a sower went forth to sow;....
Horton
#1846 Posted : Wednesday, October 23, 2019 6:05:28 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
littledove wrote:
Horton wrote:
I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums?

kingdom securities too, the error is "tradeswitch not active"



Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽‍♂️
Ericsson
#1847 Posted : Monday, October 28, 2019 11:50:34 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Four counters rallying;
--Safaricom
--Equity Bank
---KCB
---NCBA

The rest mute
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#1848 Posted : Monday, October 28, 2019 5:13:34 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Horton wrote:
littledove wrote:
Horton wrote:
I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums?

kingdom securities too, the error is "tradeswitch not active"



Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽‍♂️

Be serious about your life

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#1849 Posted : Monday, October 28, 2019 5:19:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
obiero wrote:
Horton wrote:
littledove wrote:
Horton wrote:
I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums?

kingdom securities too, the error is "tradeswitch not active"



Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽‍♂️

Be serious about your life


Labda ameumwa mahali na anataka urgent cash
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#1850 Posted : Monday, October 28, 2019 5:38:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Ericsson wrote:
obiero wrote:
Horton wrote:
littledove wrote:
Horton wrote:
I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums?

kingdom securities too, the error is "tradeswitch not active"



Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽‍♂️

Be serious about your life


Labda ameumwa mahali na anataka urgent cash

You have a point.. But what would stop him from pledging the same and use it as collateral

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Horton
#1851 Posted : Monday, October 28, 2019 9:38:16 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
obiero wrote:
Ericsson wrote:
obiero wrote:
Horton wrote:
littledove wrote:
Horton wrote:
I can’t buy or sell anything. SBG says all joint accounts have been affected from CDSC. Anyone else in the same doldrums?

kingdom securities too, the error is "tradeswitch not active"



Ah right. Thanks. Was thinking of selling a few KCB 🤦🏽‍♂️

Be serious about your life


Labda ameumwa mahali na anataka urgent cash

You have a point.. But what would stop him from pledging the same and use it as collateral



Yaah needed some cash but sorted with a short term loan from a friend
littledove
#1852 Posted : Tuesday, October 29, 2019 12:50:24 PM
Rank: Member


Joined: 7/1/2014
Posts: 895
Location: sky
https://www.businessdailyafrica.com/news/A-third-of-NSE-firms-risk-hostile-buyout/539546-5328746-63smi8z/index.html
At least 20 or a third of the companies listed on the Nairobi Securities Exchange (NSE) risk forceful takeover by their majority shareholders - which in turn could lead to their delisting from the bourse - following changes to the law that now make it easier for top owners to compulsorily acquire minority investors.
The Statute Law (Miscellaneous Amendments) Act No. 12 of 2019 now allows shareholders with a 50 percent stake to make compulsory acquisitions of shares held by the remaining investors. The takeover threshold previously stood at 90 percent, a level that made it difficult for top shareholders of Unga Group and logistics firm Express Kenya to forcibly buy out minority investors. As a result, they were unable to delist the firms.
The drastic law change caught many stakeholders by surprise with NSE fretful that this could egg on multinational firms to delist at a time when the Nairobi bourse has been plagued by lack of fresh listings.

“We were not involved in the amendments,” an NSE director who requested anonymity told the Business Daily. “The 90 percent threshold was meant to ensure that nearly all shareholders are in agreement in takeover deals.”

The law change was sponsored by Aden Duale, the Majority Leader at the National Assembly, suggesting that it had the backing of the government.

SOMETHING VERY VERY WRONG WITH THIS GOVERNMENT
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
sparkly
#1853 Posted : Tuesday, October 29, 2019 1:12:55 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
littledove wrote:
https://www.businessdailyafrica.com/news/A-third-of-NSE-firms-risk-hostile-buyout/539546-5328746-63smi8z/index.html
At least 20 or a third of the companies listed on the Nairobi Securities Exchange (NSE) risk forceful takeover by their majority shareholders - which in turn could lead to their delisting from the bourse - following changes to the law that now make it easier for top owners to compulsorily acquire minority investors.
The Statute Law (Miscellaneous Amendments) Act No. 12 of 2019 now allows shareholders with a 50 percent stake to make compulsory acquisitions of shares held by the remaining investors. The takeover threshold previously stood at 90 percent, a level that made it difficult for top shareholders of Unga Group and logistics firm Express Kenya to forcibly buy out minority investors. As a result, they were unable to delist the firms.
The drastic law change caught many stakeholders by surprise with NSE fretful that this could egg on multinational firms to delist at a time when the Nairobi bourse has been plagued by lack of fresh listings.

“We were not involved in the amendments,” an NSE director who requested anonymity told the Business Daily. “The 90 percent threshold was meant to ensure that nearly all shareholders are in agreement in takeover deals.”

The law change was sponsored by Aden Duale, the Majority Leader at the National Assembly, suggesting that it had the backing of the government.

SOMETHING VERY VERY WRONG WITH THIS GOVERNMENT


This government is running a sustained campaign to kill local enterprise.
Life is short. Live passionately.
Ericsson
#1854 Posted : Tuesday, October 29, 2019 1:36:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
sparkly wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/A-third-of-NSE-firms-risk-hostile-buyout/539546-5328746-63smi8z/index.html
At least 20 or a third of the companies listed on the Nairobi Securities Exchange (NSE) risk forceful takeover by their majority shareholders - which in turn could lead to their delisting from the bourse - following changes to the law that now make it easier for top owners to compulsorily acquire minority investors.
The Statute Law (Miscellaneous Amendments) Act No. 12 of 2019 now allows shareholders with a 50 percent stake to make compulsory acquisitions of shares held by the remaining investors. The takeover threshold previously stood at 90 percent, a level that made it difficult for top shareholders of Unga Group and logistics firm Express Kenya to forcibly buy out minority investors. As a result, they were unable to delist the firms.
The drastic law change caught many stakeholders by surprise with NSE fretful that this could egg on multinational firms to delist at a time when the Nairobi bourse has been plagued by lack of fresh listings.

“We were not involved in the amendments,” an NSE director who requested anonymity told the Business Daily. “The 90 percent threshold was meant to ensure that nearly all shareholders are in agreement in takeover deals.”

The law change was sponsored by Aden Duale, the Majority Leader at the National Assembly, suggesting that it had the backing of the government.

SOMETHING VERY VERY WRONG WITH THIS GOVERNMENT


This government is running a sustained campaign to kill local enterprise.


Manifesto ndio hiyo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#1855 Posted : Wednesday, October 30, 2019 10:11:58 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,173
Location: nairobi
This topic is becoming relevant.one bank has hit 10% with the others on steroids
"Don't let the fear of losing be greater than the excitement of winning."
nairobby
#1856 Posted : Wednesday, October 30, 2019 10:17:49 AM
Rank: Member


Joined: 1/18/2019
Posts: 185
Location: kenya
NSE is back baby!
Sufficiently Philanga....thropic
#1857 Posted : Wednesday, October 30, 2019 10:35:46 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,217
Location: Sundowner,Amboseli
Sufficiently Philanga....thropic wrote:
Following the Prseident's refusal to sign the Finance bill until the rate cap is done away with, September 2019's 10 year low of 2420 will be the floor.....




This will hold into next yearApplause Applause Applause
@SufficientlyP
Ericsson
#1858 Posted : Wednesday, October 30, 2019 10:35:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
nairobby wrote:
NSE is back baby!


Be careful
Recession coming in 2020.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Sufficiently Philanga....thropic
#1859 Posted : Wednesday, October 30, 2019 10:42:10 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,217
Location: Sundowner,Amboseli
Because i'm Happy

smile smile smile
@SufficientlyP
Sufficiently Philanga....thropic
#1860 Posted : Wednesday, October 30, 2019 10:46:44 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,217
Location: Sundowner,Amboseli
Co-op bank rallying hard!
HAFR, the monkey, sitting at the table with the big boys.Wonders these d'oh!
@SufficientlyP
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